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After the market crash in October in 1929....
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Asheron
Posts: 1,229 Forumite
After the market crash in October in 1929, the main part of the big depression ran from 1930 into 1933 . After a slight recovery...
Millions of People suffered from a disease caused by malnutrition. People lost their homes because they didn't have enough money to pay their mortgage.In1932 at least 200,000 young people and 25,000 families roamed through the country looking for food, clothing, shelter, and a job.
The Great Depression had many effects on the United States. It produced new laws that gave the government far more power than at any time in the history of our nation. It changed the American society's outlook toward life.
Millions of People suffered from a disease caused by malnutrition. People lost their homes because they didn't have enough money to pay their mortgage.In1932 at least 200,000 young people and 25,000 families roamed through the country looking for food, clothing, shelter, and a job.
The Great Depression had many effects on the United States. It produced new laws that gave the government far more power than at any time in the history of our nation. It changed the American society's outlook toward life.
As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.
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Black Thursday was Oct 24, 1929 when the stock values dropped. The Friday and Saturday after Black Thursday stock prices remained steady. On Monday stock prices fell once again. By Tuesday, October 29, the stockholders panicked and began to sell a record of 16,410,030 shares of stock.
http://library.thinkquest.org/3483/Rhist/gd.htmlAs an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.0 -
And yet during the 'Great Depression', the UK had only a recession and was relatively unscathed. Perhaps you might also want to talk about Germany in the 20's, Zimbabwe, Argentina and other non-UK countries that have had financial meltdowns?
I love history, especially foreign history. Please do go on....."I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.0 -
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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